Moreover, Uktrader's information about "$20,000 a ton on the Chinese spot market for battery grade material" is incorrect. It is the price for a twice-processed product (lithium carbonate). The 60 MT Marion resource pertains to rocks containing 1.34% lithium. It takes $ to concentrate this to 6% spodumene which can be sold for about $900 per tonne. Thereafter, it is further processed into lithium carbonate. All this is still not relevant to Area 53 which is GREENFIELD.
TON Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
